Singtel has emerged as the biggest spender in Singapore's latest mobile spectrum auction, bidding nearly half of the total S$1.14 billion ($815.2 million) set to be raised.
Singtel will pay S$563.7 million for 75MHz of spectrum, consisting of 40 MHz of 700-MHz spectrum, 10 MHz of 900-MHz spectrum, a right of first refusal for a further 10 MHz of 900-MHz spectrum and 15MHz in the 2.5-GHz band.
The auction of spectrum in the four bands had four winning bidders. StarHub was the next highest bidder, committing to pay S$349.6 million for 30 MHz of 700-MHz spectrum, 20 MHz in the 2.5-GHz band and a right of first refusal to 10 MHz of 900-MHz spectrum.
M1 bid S$208 million for 20 MHz of 700-MHz spectrum and a right of first refusal to 10 MHz in the 900-MHz frequency band.
New market entrant TPG Telecom will meanwhile pay S$23.8 million for 10 MHz of 2500-MHz spectrum. TPG last year won the auction to become Singapore's fourth mobile operator after bidding S$105 million for a provisional allotment of 60 MHz of 900-MHz and 2.3-GHz spectrum.
A total of 175-MHz of spectrum was allocated during the auction, and this includes the 900-MHz spectrum due to be re-farmed following the retirement of 2G services. But the total allotment was 50 MHz lower than the 225 MHz requested by the industry, because no other spectrum was available for allocation.